PatriciaV
Employee Tax Expert

Investors & landlords

Yes, if you have a capital loss carryover and you have capital gains on your current return, you are required to net the carryover loss against your current gains. The character of the gain/loss is not retained; short term may be offset against long term and vice versa.

See also: IRS Tax Topic 409 - Capital Gains and Losses

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post